The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-14
CONDITION OF THE MARKETS
Pork and Lard Attract the Lions Share
of Attention on the Chicago Board.
A Decrease in the Demand for Corn. but Fig
ures Remain Steady-HeaVy Selling Of
Wheat Causes Depression at Close.
MONEY, BONDS AND STOCKS.

A Fairly Active Market, Most Stocks Show
ing Slight Decline.
NEW YORK, Dec. I3-Money on call was
easy at TO Al per cent, the last Joan being
made at A, closing offered at T.
Prime mercantile paper, 5I08 per cent
Sterling exchange was dull but steady at
s4Sl for sixty day bills, and $4.s43 for demand.
The total sales of stocks to-day were 341, III,
shares. including the following: Delaware,
Lackawanna 81 Western, Al, 800; Erie APO:
Lake Shore. $3.50; Louisville & Nashville, g.
425 Missouri Pacific, $40; Reading. &C. 100; ST.
Paul. 30. 1876; Union Pacific, $1,000; Western
Union. 17.6i5.
The stock market to-day was again fairly act
i've. but s. II remained narrow, with tn 9 trans
actions principally for professional account. the
room-traders doing most of the making of values.
There moderate recovery in the forenoon,
but the hammering process wiped out the gains.
with something in addition, during the after
noon. sharp drive made at values in the
first hour, but there were good outside buying
orders in the market. and the cliques seemed
disposed TO support their sDecialties. This in
duced some covering of '1shorte," and the emit re
list moved a sudden break in Manhattan.
however, checked the rise. and the 's5ears" and
room traders quickly turned sellers. and, meet
ing with little resistance soon had the early
gains wiped out. Manhattan, after the declara-
ton Of the dividend, reacted sharply but
the general list continued to decline
without reaction OF any Importance
throughout the afternoon. Union Pacific
the strongest stock among the active list,
aan with ST. Paul, J4ackawanne, Western
Union and Reading. monopolized the interest in
speculation. A special drive made at the
aforementioned stock in the last hoEr. when
most of its loss for the DAY accom-
pished. The news of the day unimportant,
aud rumors were comparatively scarce The
opening was heavy to weak at declines extend
ing to per cent, but after a slight further de-
cline in some stocks the entire list moved up
and advances ranging up to Il per cent above
opening prices established The rise
weakened before noon, and break of 81 per
cent. in Manhattan was followed By a general
decline over the whole list, which, however,
was slow and steady. Manhattan reacted q per
cent. in face of the falling market, but had
little effect upon the remainder. Reading be-
came specially weak in the last hour, and the
decline in the general list was accelerated, the
close being quiet but weak at or near the lowest
prices Most of the active Ess are lower,
though Fort Worth e. Denver and Wheeling &
Lake Erie gained i per cent. each, but Manhat-
tan is down 81 Reading. IL; Richmond &
West Point preferred, II; Colorado Coal, ], and
others fractional amounts.
Railroad bonds were dull; the trading lacked
character. being irregular and featureless
throughout. Closing prices show irregular
changes. and among those which are higher are
Louisville g. Nashville. ST. Louis division, 4. to
lis; New Orleans Pacific terminals, 2 to 1O44.
Gnlf, Colorado & Santa Fe fress lost q, to 1854;
Indiana, Bloomington & Western second certifi-
Gates. 81, to 725; Long Island fves, 81 to ITO;
Texas Pacific income receipts, 3, to 40; Wabash,
Chicago ives, q, to SO.
Governments bonds were dull but strong
State bonds were dull and steady. Closing